H.I.G. Capital Affiliate Acquires Axis Europe Limited

H.I.G. Capital Acquires CLC Group Limited

June 28, 2023

Construction

An affiliate of H.I.G. Capital has acquired CLC Group Limited from the Armitage Family Trust, with the Armitage family trust and CLC management reinvesting alongside H.I.G. The UK-based property and asset refurbishment provider operates roughly 15 branches and offers refurbishment, electrical and fire protection services to social housing, local government, defence, hospitality and utilities clients; H.I.G. intends to support service and geographic expansion and pursue add-on acquisitions.

H.I.G. Capital Affiliate Acquires Classic Lifts Limited

January 17, 2023

Industrial Services

An affiliate of H.I.G. Capital has acquired Classic Lifts Limited, a UK-based lift installation and maintenance provider. Management is reinvesting alongside H.I.G.; financial terms were not disclosed and H.I.G. intends to grow the business organically and via further M&A as part of a broader UK technical building services platform (following its acquisition of CPS).

H.I.G. Capital Acquires Ascent Global Logistics

August 22, 2023

Logistics & Distribution

An affiliate of H.I.G. Capital has signed a definitive agreement to acquire Ascent Global Logistics from affiliates controlled by Elliott Investment Management. Ascent's management team and Elliott will retain minority stakes; H.I.G. said it will support Ascent's growth by investing in technology, broadening capabilities, expanding global reach and enhancing its carrier network.

H.I.G. Europe to Acquire Lagardère Sports from Lagardère Group

February 20, 2020

Marketing & Advertising

An affiliate of H.I.G. Capital (H.I.G. Europe) signed a definitive agreement to acquire Lagardère Sports from the Lagardère Group, which will retain a 24.9% minority stake. Lagardère Sports is a global sports-marketing firm with ~1,300 employees and more than €450 million in annual sales; H.I.G. plans to rebrand the company, install Stefan Felsing as CEO and pursue growth pending antitrust clearance.

Carr's Hill Partners Acquires AXIS Industrial Services

August 12, 2020

Industrial Services

Funds advised by Carr's Hill Partners, a New Orleans-based private equity firm, acquired AXIS Industrial Services, a Corpus Christi-based multi-craft industrial contractor providing scaffolding, insulation, fireproofing, painting and abatement services. Management, led by Founder & CEO JT Maddox IV, will retain an equity interest and the investment will support AXIS' capability expansion and geographic growth across the U.S. Gulf Coast and beyond.

H.I.G. Capital Acquires CPS Building Services Limited

September 1, 2022

Construction

H.I.G. Capital, through an affiliate, has acquired CPS Building Services Limited, a Cambridgeshire-based mechanical and electrical (M&E) installation and maintenance provider, from its founder; CPS' managing director Liam Connelly will reinvest and the existing management team will remain in place. H.I.G. plans to use CPS as the core of a technical building services platform and pursue add-on acquisitions to expand capabilities in fire protection, lifts, water & pumps, access and security, and compliance services.